DHAKA, Mar 13, 2018 (BSS) - State Minister for Power, Energy and Mineral Resources Nasrul Hamid today said the energy and power sector of Bangladesh is the best place for investment.
"Investors would get return quickly from this sector. The government is ensuring necessary security for investment," he said while addressing a discussion on 'Towards a New Era of Bangladesh-Singapore Economic Partnership' at Shangrila Hotel in Singapore, according to a message received here today.
He said most of the foreign companies are getting various supports, including tax holiday, risk management, operational setup, risk regulation and profit repartition, from the government.
Nasrul said the government has created an environment for $ 40 billion investment in the country's Liquefied Natural Gas (LNG) infrastructure, pipeline, refinery, coal terminal, Liquefied Petroleum Gas (LPG) and primary energy sectors.
In addition, he said, the electricity generation, distribution and transmission sector has created scopes for $ 70 billion investment.
The state minister said Bangladesh has already taken an initiative to manage this money through government-to-government arrangements or joint venture.
Mitsui's Chief Operating Officer Taku Marimto, IFC Chief Investment Officer Rebecca Konrad and President of Dhaka Chambers of Commerce and Industry Abul Kashem were, among others, present on the occasion.